Eaton Vance Management, the Boston-based investment adviser, today announced the monthly distributions declared on the common shares of eleven of its closed-end insured municipal bond funds (“Funds”). The record date for the distributions is December 24, 2008, and the payable date is December 31, 2008. The ex-date is December 22, 2008. The distribution per share, closing market price on November 26, 2008 (or last trade price), and annualized market yield for each Fund are as follows:
Distribution | Closing | Annualized | ||||
Fund | Per Share | Market Price | Yield | |||
Eaton Vance Insured Municipal Bond Fund (NYSE Alternext US:EIM) | $0.065083 | $8.84 | 8.83% | |||
Eaton Vance Insured Municipal Bond Fund II (NYSE Alternext US:EIV) | $0.065041 | $8.89 | 8.78% | |||
Eaton Vance Insured California Municipal Bond Fund (NYSE Alternext US:EVM) | $0.060333 | $8.27 | 8.75% | |||
Eaton Vance Insured California Municipal Bond Fund II (NYSE Alternext US:EIA) | $0.058416 | $8.69 | 8.07% | |||
Eaton Vance Insured Massachusetts Municipal Bond Fund (NYSE Alternext US:MAB) | $0.056917 | $10.47 | 6.52% | |||
Eaton Vance Insured Michigan Municipal Bond Fund (NYSE Alternext US:MIW) | $0.056499 | $8.84 | 7.67% | |||
Eaton Vance Insured New Jersey Municipal Bond Fund (NYSE Alternext US:EMJ) | $0.061251 | $11.00 | 6.68% | |||
Eaton Vance Insured New York Municipal Bond Fund (NYSE Alternext US:ENX) | $0.058833 | $8.82 | 8.00% | |||
Eaton Vance Insured New York Municipal Bond Fund II (NYSE Alternext US:NYH) | $0.058916 | $8.49 | 8.33% | |||
Eaton Vance Insured Ohio Municipal Bond Fund (NYSE Alternext US:EIO) | $0.053500 | $9.70 | 6.62% | |||
Eaton Vance Insured Pennsylvania Municipal Bond Fund (NYSE Alternext US:EIP) | $0.059167 | $10.66 | 6.66% |
The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the Funds’ common shares could change.
Common shares of Eaton Vance Insured Municipal Bond Funds are traded on the NYSE Alternext U.S. stock exchange. The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp., which is listed on the New York Stock Exchange under the symbol EV. Eaton Vance and its affiliates had $123.1 billion in assets under management as of October 31, 2008. Eaton Vance Management will make available periodic summary information regarding portfolio investments. Those interested should call Eaton Vance Management at (800) 262-1122.
Contacts:
Investor Contact:800-262-1122